What do I need to bring with me to settlement?

You will need to bring a valid government issued photo ID, for example: Driver’s License, Passport, or Military ID. Any and all funds that are collected during the settlement must be in the form of certified funds which can consist of a cashier’s check, teller’s check, money order, certified personal check, or wired funds to our office. If additional documents are needed, our staff will contact you and let you know what is needed prior to settlement.

How long will my settlement take?

Depending on the type of transaction you are settling on, refinances can generally take from 30 to 45 minutes, while a purchase will take 45 minutes up to an hour and a half.

Can my settlement be conducted if I am unable to attend?

In some situations a “power of attorney” may need to be drafted prior to settlement if you are unable to attend.  A power of attorney is a written authorization to represent or act on another’s behalf in private affairs, business, or other legal matters. Please contact us immediately if you are unable to attend your settlement.

What is the role of a title company?

Navy Federal Title Services takes the worry out of your settlement. When we receive your file, a chain of events occurs. We make sure that the seller listed on the contract is indeed the owner of the property being sold. From that point, we will conduct a title search. This research will let us know if there are any liens or judgments against the seller that are attached to the property being purchased. Should any issues arise, we will take care of clearing any title defects. At the settlement table there will be the collection of all funds from all parties involved. Lastly, there will be a transfer of ownership and we will issue title insurance for both lender and purchaser.